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EWG

VGK

Germany's Producer Price Index (PPI) for June has decreased by 0.3%, which is better than the estimated decrease of 0.4%, but worse than the prior decrease of 1.4%.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 6:02 am

NOK

Nokia has revised its FY23 net sales forecast to €23.2B-€24.6B, down from the previous estimate of €24.6B-€26.2B. The company also expects a comparable operating margin of 11.5-13.0%, slightly lower than the prior 11.5%-14%.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:59 am

NCPL

Netcapital has priced its public offering of 1.725 million shares at $0.70 per share.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:27 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) reported a record quarterly revenue and an earnings beat, but the stock fell after the results. Short seller Jim Chanos noted that the earnings beat was due to a $400 million swing in the 'other income' component. Operating income from the core business was down 3% YoY and 10% QoQ. The energy generation and storage segment saw revenue dipping from $1.53 billion to $1.51 billion. Tesla's stock closed down 0.71% and lost another 4.19% in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

July 20, 2023 | 5:21 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has stated that the company's Robotaxi products will be a 'massive driver' of growth, with volume production expected in 2024. Musk has been promoting the idea of fully autonomous Tesla vehicles functioning as a Robotaxi since 2019. However, Tesla is yet to achieve complete self-driving capability. ARK Invest's Cathie Wood also expressed optimism about Robotaxis, predicting that the autonomous taxi platform business will grow globally to $8-$10 trillion in revenue in 2030.

Portfolio Pulse from Anan Ashraf

July 20, 2023 | 4:52 am

DOGEUSD

TSLA

TWTR

Elon Musk, CEO of Twitter and Tesla Inc., caused a surge in Dogecoin's valuation with a tweet, leading to a 3% increase in market capitalization (about $320 million). This is not the first time Musk's tweets have impacted Dogecoin's value. However, his influence has led to legal issues, with a group of Dogecoin investors filing a lawsuit alleging market manipulation.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 4:40 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has stated that the company is continuing to build release candidates of the Cybertruck on the final production line in Austin. While no clear timeline for delivery or pricing details were provided, Musk confirmed that deliveries are expected to commence later this year. The production ramp of the Cybertruck will be as fast as the slowest element of the supply chain. Demand for the Cybertruck is high, with over 1.5 million pre-orders as of November last year.

Portfolio Pulse from Anan Ashraf

July 20, 2023 | 3:59 am

EWJ

Japan's adjusted trade balance has improved, coming in at -0.55T compared to the estimated -0.90T and the previous -0.78T.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 3:57 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies were mixed on Wednesday evening with Bitcoin and Ethereum trading in the red while Dogecoin saw gains of nearly 2%. Bitcoin's price movement tracked Nasdaq futures, which slipped into the red after Netflix and Tesla posted their quarterly results. Analysts continue to await Bitcoin ETF updates and note that Bitcoin is 'here to stay' despite the length of the bear market. Cryptocurrency intelligence platform Santiment noted that whales and sharks have been accumulating Paxos Standard (USDP) stablecoin in July.

Portfolio Pulse from Shivdeep Dhaliwal

July 20, 2023 | 3:31 am

BTCUSD

SQ

Nassim Nicholas Taleb, author of 'Black Swan', criticized the investment in Non-Fungible Tokens (NFTs), calling it a sign of a 'mental deficit'. He pointed out the sinking valuation of the NFT of Jack Dorsey's maiden tweet, which was sold for $2.9 million in March 2021, but the most recent bid was $1.14. Taleb's critique comes as the NFT market has seen a significant slump, with the average price of an NFT sale falling by 92% in two months, from May to July 2022.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 1:44 am